Methods of Giving
Investing in a Catholic Future … Create Your Legacy
The Catholic Foundation for the Diocese of Greensburg allows the Catholic tradition of generosity to work effectively for the diocesan community today and for future generations by giving individuals a choice of meaningful, gift-planning vehicles. With your gift through The Catholic Foundation, you are supporting the central Christian vision of shared abundance and social justice that shapes our faith.
The “Methods of Giving” outline offers you a brief description of giving techniques that may furnish the best possible personal and financial rewards for contributors giving through The Catholic Foundation. The methods outlined offer some examples of how you can be creative with your philanthropy.
|
Type of Gift
|
Form of Gift
|
Benefit to Church
|
Benefit to You
|
|
Outright Gift
|
- Cash
- Securities
- Real Estate
- Life Insurance
- Online
|
- Firm source of income
- Yearly distributable income used by the diocese, parish, school, and other institutions/ministries
|
- Charitable income tax deduction
- Capital gains tax eliminated on appreciated gifts
|
|
Bequest Under Will
|
Any asset may be given in whole or part; also a percentage of estate or remainder of estate
|
Bequest assets are invested to support church needs per donor designation
|
- Possible estate tax deduction
- A gift that extends your charitable influence for generations
|
|
Charitable Gift Annuity
|
- Cash
- Securities
- Real Estate
|
At the annuitant’s death, the remaining assets may “roll over” to a name-endowment for church needs directly
|
- Fixed income for life
- Portion of income is tax free
- Income tax deduction or mutual contribution
|
|
Charitable Remainder Trust
|
- Cash
- Securities
- Real Estate
|
Foundation receives a substantial gift when the trust terminates
|
- Variable or fixed income
- Option to defer income
- Income tax deduction
- Special capital gains treatment
|
|
Charitable Lead Trust
|
- Cash
- Securities
- Real Estate
|
Church receives income from assets under trust for those needs identified by donor
|
- Principal of contributed assets returns to donor or heirs
- Principal passes to others with little or no reduction principal
- Tax deduction
|
|
Life-Insurance Policies
|
Contributor names the foundation as a policy owner or beneficiary
|
At the death of the contributor, the foundation receives the full policy face value; or the current surrender value may be received prior to the contributor’s death
|
- Opportunity to give a substantial gift at a manageable cost
- Tax deduction for policy value
- Premium payments may be deducted as charitable gifts
|
|
Retirement Plans
|
Direct death benefit to the foundation for your named endowment fund
|
Firm source of income for charitable efforts selected by donor
|
- Major gift affecting future generations
- Estate and income tax savings
|